What is 'direct exchange rate' in SAP SBO - SAP Business One?

direct exchange rate - Overview

• Component: SBO

• Component Name: SAP Business One

• Description: The price in the home currency for one unit of the foreign currency.

direct exchange rate - Details

• 
  Key Concepts: 
  Direct exchange rate is a feature in SAP Business One (SBO) that allows users to set up a fixed exchange rate for a currency pair. This rate is used to convert amounts from one currency to another. The direct exchange rate is set up in the system and can be used for all transactions involving the two currencies.
  
  How to use it: 
  To set up a direct exchange rate, go to the Administration > Setup > Financials > Currencies > Exchange Rates screen. Select the currency pair you want to set up the direct exchange rate for and enter the rate. The rate will then be used for all transactions involving the two currencies.
  
  Tips & Tricks: 
  It is important to keep the direct exchange rate up-to-date as it will affect all transactions involving the two currencies. It is also important to note that the direct exchange rate will override any other exchange rates that may be set up in the system.
  
  Related Information: 
  For more information on setting up and using direct exchange rates, please refer to the SAP Business One Help documentation.